Wealth Alliance Sells 6,761 Shares of Dominion Energy, Inc. (NYSE:D)

Wealth Alliance reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 64.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,721 shares of the utilities provider’s stock after selling 6,761 shares during the period. Wealth Alliance’s holdings in Dominion Energy were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in D. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC raised its stake in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE D opened at $57.38 on Friday. The stock has a fifty day simple moving average of $54.58 and a 200 day simple moving average of $56.36. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The company has a market capitalization of $48.20 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on D. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.